Bulk Container Packaging Market size worth over $6.9bn by 2025
Published Date: July 19, 2019 Authors: Kiran Pulidindi, Sayan Mukherjee
Bulk Container Packaging Market size will surpass USD 6.9 billion by 2025; according to a new research report by Global Market Insights, Inc.
Strengthened by flourishing food & beverage industry worldwide, bulk container packaging market size is anticipated to attain high growth rate in the projected time frame. The reason behind growing product demand in food industry is attributed to unique benefits offered by bulk containers such as durability, reusability, fully recyclable, eliminates use of fiber and wood, lightweight, unaffected by moisture and many others. Growing trade in food industry caused by globalization is one of the major factors likely to influence the overall market size by 2025.
Recent developments in bulk container packaging market such as introducing the use of bioplastics can uplift product demand in this era of sustainability. Furthermore, it has facilitated product transportation in shipping industry without generating higher cost to shippers. Earlier, a minimum 100 crew were required in shipping operation, however with the introduction of bulk packaging containers, maximum 21 people are needed which has resulted in reducing the overall shipping cost.
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Bulk containers are generally manufactured by using petrochemicals such as polypropylene (PP) and polyethylene (PE). As the materials are extracted from crude, huge price fluctuation exists in the market which may hinder the market growth in the coming years. Also, political and market uncertainty may have a negative influence on the market growth. For instance, Britain’s exit from European Union has resulted in a significant drop of imports and exports, which hampered bulk container packaging market demand in the recent years
Browse key industry insights spread across 94 pages with 107 market data tables & 21 figures & charts from the report, “Bulk Container Packaging Market Size By Product (Flexitanks, Flexible Intermediate Bulk Container [FIBC], Bulk Container Liners), By Application (Food & Beverage, Chemicals) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, The Netherlands, Belgium, Ireland, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Thailand, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
On the basis of product, the bulk container packaging market share is segmented into flexitanks, FIBC (Flexible Intermediate Bulk Containers) and bulk container liners. FIBC recorded the largest demand and generated revenue over USD 1.8 billion 2018. This category of products are made from woven fabric of polypropylene. They are designed to store and transport any kind of dry and flowable products. Moreover, bulk container liners also possess a significant share in the industry. These are more economical and is considered an efficient method of transporting product from one country to another. The product eliminates need of packaging machinery; manpower required to move the product in warehouses, etc. It also reduces packaging waste which is unavoidable in most of the packaging methods.
Bulk packaging containers are used across various industries; however, it is dominated by food industry followed by chemical industry. These are used for storing and transporting dry as well as liquid food products. They serve as an ideal replacement to corrugated boxes and plastic containers. Owing to promising product use in food industry, the overall bulk container packaging market is hugely influenced by growth in this sector. Growing industrialization in the emerging economies has led to changes in the living standards which has triggered demand for packaged food in recent years to have healthy, safe and non-contaminated food. Shifting consumer preference is the major driver for growing food and packaging industry, which will make notable impact on the overall industry size by 2025.
Asia Pacific and North America captured the largest bulk container packaging market share in 2018. In Asia pacific, there is tremendous growth in the food industry due to rapidly growing population has been complementing industry growth. Furthermore, the import and export of food products across the state and international border has also driven the food industry which is anticipated to boost bulk container packaging demand in the forecast timeframe.
Bulk container packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
Bulk Container Packaging Market, By Product
- Flexible intermediate bulk container (FIBC)
- Bulk container liners
Bulk Container Packaging Market Share, By Application
- Food & beverage
The above information is provided on a regional and country basis for the following:
- North America
- The Netherlands
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia